11:50 AM EST - Gran Colombia Gold Corp. : announced today that it has recently taken steps in Phase III of its continuing program to reduce operating costs at its Segovia Operations, cutting $400,000 per month, approximately $53 per ounce, through a workforce reduction. Taking employee severances into account, the net impact of this action will begin to benefit the company's all-in sustaining cash cost, currently approximately $1,200 per ounce, at the beginning of October 2013. Gran Colombia Gold Corp.
shares T.GCM are trading UP $0.11 at $1.55.
